Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name YATZIV TRUST members of
On accounts for the year 31 MARCH 2022 Charity no 1130009 ended (if any) Set out on pages 3 ) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2022 . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent ~~[The charity~~ ’ ~~s gross income exceeded £250,000 and I am qualified to~~ examiner's statement ~~undertake the examination by being a qualified member of [insert name of applicable listed body]].~~ ~~Delete [ ]~~ ~~if not applicable.~~
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: |
signed | 24/1/2023 |
|---|---|---|
| B G MORDFIELD FMAAT |
Relevant professional qualification(s) or body
Oct 2018
1
IER
(if any):
Address: 11 Hurstdene Gardens London N15 6NA
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
n/a
Oct 2018
2
IER
| YATZIV TRUST | YATZIV TRUST | YATZIV TRUST | 1130009 | CC16a | |
|---|---|---|---|---|---|
| Receipts andpayments accounts | |||||
| For the period from |
Period start date 1.4.2021 |
To | Period end date 31.3.2022 |
||
| Section A Receipts and payments | |||||
| A1 Receipts | Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
| Grants,Donations and Gift Aid | 132,233 788 - 133,021 |
- | - | 132,233 | 119,002 |
| Listed Investment Income | - | - | 788 | 872 | |
| Loans Repaid | - - |
- | - 133,021 |
1,907 | |
| Sub total(Gross income for AR) | - | 121,781 | |||
| Total receipts A3 Payments |
|||||
| 133,021 | - | - | 133,021 | 121,781 | |
| Grants - Educational,for Religious activityand in relief of Poverty | 73,832 - - 73,832 |
- | - | 73,832 | 46,606 |
| Loans Granted | - | - | - | - | |
| Sundry | - - |
- | - 73,832 |
- | |
| **Sub total ** | - | 46,606 | |||
| Total payments Net of receipts/(payments) A6 Cash funds last year end Cash funds this year end |
|||||
| 73,832 | - | - | 73,832 | 46,606 | |
| 59,188 | - | - |
59,188 | 75,175 | |
| 275,648 | - | - |
275,648 | 200,473 | |
| 334,836 | - | - |
334,836 | 275,648 |
Section B Statement of assets and liabilities at the end of the period
Categories B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
| Details | Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
|---|---|---|---|
| Cash at bank | 334,836 | - | - |
| Total cash funds (agree balances with receipts and payments account(s)) Details |
334,836 | - | - |
| OK | OK Restricted funds to nearest £ |
OK | |
| Unrestricted funds to nearest £ |
Endowment funds to nearest £ |
||
| Loan Debtors | 5,593 | - | - |
| Details | General Fund | Cost (optional) | Current value (optional) |
| Listed Investments | 21,798 | - | - |
| Details | General Fund | Amount due (optional) |
When due (optional) |
| Sundry | 181 | - | |
| Signature | Date of approval |
||
| signed | SIMON WINEGARTEN | 19-Jan-23 |
CCXX R1 accounts (SS)
26/01/2023
1
Trustees’ Annual Report for the period
From 1 April 2021 To 31 March 2022 Charity name: YATZIV TRUST Charity registration number: 1130009 Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charity was formed on 1 April 2009 and is governed by its trust deed dated on that date. The charity has continued with its activities in particular for the relief of poverty and for the purposes of advancement of religion and religious education. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity provides donations and grants to institutions of religious education and religious organisations as well as other charities working for the relief of poverty. Through its involvement in the local community it also provides donations and grants to individual referrals in social need. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have regard to the guidance issued by the Charity Commission on public benefit in all aspects of how the charity is run and carries out its purposes. |
Achievements and Performance
SORP reference
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity made grants to charitable institutions and individuals during the year to £ 73,832 (2021: £46,606) and loans to charitable causes of £nil (2021: £nil). In monitoring performance, the charity receives regular updates from the causes to which it has given support and carefully reviews the progress of those concerned. Such feedback is an influence on future policy for grants and awards. |
|
|---|---|---|---|
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The trustees report that income has remained stable, while at the same time they have felt able to increase charitable grants and donations during the year. Indications for the ensuing year are that income will balance expenditure. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees maintain reserves in order that levels of grants can be maintained throughout the economic cycle and to support longer termprojects. |
| Amount of reserves held | Para 1.22 | At 31 March 2022 the charity held reserves of £334,836 all of which are Unrestricted Funds(2020: £275,649). |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| Details of fund materially in deficit |
Para 1.24 | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Not applicable |
Additional information (optional) You may choose to include further statements where relevant about:
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | The trust received a small investment portfolio many years ago, and simply maintains that portfolio to produce the small amount of investment income flowing regularly. |
|
|---|---|---|---|
Structure, Governance and Management
Description of charity’s
| trusts: | ||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed dated 1 April 2009 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity is unincorporated. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The Trustees in conjunction with their professional advisors deal with all matters relating to policy making and day to day administration including grant making, investment, reserves and risk management, policies and performance. The Board keeps the skill requirements of the Trustee Body under review and seeks professional advice where it deems appropriate. The trustees have the power to appoint additional trustees as considered necessary. |
Reference and Administrative details
| Charity name | YATZIV TRUST |
|---|---|
| Other name the charity uses | Not applicable |
| Registered charity number | 1130009 |
| Charity’s principal address | 13 Hurstdene Gardens London N15 6NA |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|
|---|---|---|---|---|
| Mr Simon Winegarten |
||||
| Mrs Susan Winegarten |
||||
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
Not applicable |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
Not applicable |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Not applicable |
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) SIMON WINEGARTEN Position (eg Secretary, TRUSTEE Chair, etc) Date 19/1/2023